China's National Development and Reform Commission (NDRC), the country's top economic planner, announced on Tuesday its approval to the plan for the second phase of a rail transit construction project in Fuzhou, capital city of southeast China's Fujian Province.
Involving a total investment of 65.44 billion yuan, the 89.3-kilometer-long rail project includes construction of the first phase of Line 4, the first phase of Line 5 and Line 6. Of the total investment, 40 percent or 26.176 billion yuan will be earmarked from Fuzhou's financial fund, while the remaining part will come from bank loans, according to the NDRC.
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